Discover Bank vs Ally Bank
Discover Bank is a solid online bank with high APY rates and good customer service. How does it compare to Ally Bank? Read our comparison chart below.
Discover Bank offers some of the highest interest rates on the market. CDs go up to 10-year terms. There are no service fees.
While Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.
Compare Discover Bank with Ally Bank, side-by-side. Read on for an in-depth look, including ratings and reviews.
Discover Bank | Ally Bank | |
|---|---|---|
Online Savings Account - Earn 3.40% APY - | Online Savings Account - 3.30% APY - | |
Benefits and Features | ||
| Savings | ||
| CD | 2.00% to 4.05% APY depending on terms | 3.00% to 3.90% APY. Terms of 3 months to 5 years. 12-month CD APY of 3.85% |
| Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 | |
| Money Market | ||
| Mobile App | ||
| ATMs | 75,000+ no-fee Allpoint and MoneyPass ATMs | |
| Customer Service | ||
| Locations | ||
CreditDonkey® Reviews | ||
| Savings |   | |
| Checking |  | |
| Money Market | | |
| Mobile App | | |
| Customer Service | | |
| Pros & Cons | Pros:
| |
| Bottom Line | Solid online bank with high APY rates and good customer service... | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Discover Bank: Pricing information and data points from published website as of 11/12/2025. Ally Bank: Pricing information from published website as of 11/21/2025. | ||
Which is Better: Discover Bank or Ally Bank?
Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Discover Bank or Wells Fargo.
Articles on Discover Bank
Discover Bank Review
Discover® Bank offers high interest rates on its online savings and CD accounts. But there are downsides. Here's what you need to know before you open an account.
Discover Online Savings Account Review
Make your money work with Discover® Bank high yield savings: high interest, no fees. Find out its benefits, drawbacks, and the easy way to open an account.
Discover CD Rates
Maximize returns with Discover® Bank lucrative CD rates - no hidden fees. Read this detailed review.
Discover Bank Locations
Wondering if there is a Discover® Bank near you? Read this article to find out.
Who Owns Discover
You've probably heard of Discover credit cards, but what exactly is Discover® Bank? Is it a legitimate bank? Read on for all the details.
Is Discover Bank a Good and Real Bank
Looking for a safe bank with great rates? This analysis of Discover® Bank reveals all - is it legit? Find out now.
Is Discover Savings Worth It
Is your money secure in a high-yield Discover® savings account? Get your answers now.
Articles on Ally Bank
Ally No Penalty CD
Ally Bank's No Penalty CD offers a competitive APY without early withdrawal penalties. Learn more about this CD here.
Ally Bank Locations
Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.
Ally High Yield Savings
Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.
Ally Bank Problems
Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.
Ally Savings vs Money Market
Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.
Ally Bank CD Rates
Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.
Ally Bank Routing Number
Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.
Which Do You Think is Best?
Which Bank Account is Right for You?
You Might Also Like
Most Reliable High Yield Savings Account
Looking for a reliable high-yield savings account to grow your funds? Read on to learn which ones are worth your time.
Capital One High Yield Savings Review
Want to grow your funds passively? Capital One offers a high-yield savings account with a solid APY and easy accessibility. Read on to find out more.
Best Savings Accounts for College Students
Want to think ahead? Start preparing for your future using these student-friendly savings accounts with high APYs and no fees.
Best Banks in Florida
Are you a Floridian trying to find a new bank? It's easy with this helpful guide to the best banks in Florida. Read on to learn more.
Chime Alternatives
Discover the best Chime competitors that can offer you better rewards and a wider range of account options.
How to Deposit Cash to Online Bank
Online-only banks can be a great way to boost your savings. But depositing cash can be a challenge. Learn several ways to deposit your money in this guide.
Best High Yield Savings Accounts
Make your money work harder for you in a high-yield savings account. Here are the top savings accounts to grow your money.
Best Online Bank
Online banks are convenient, pay higher interest rates, and have less fees. Find out which accounts are best (#1 surprised us).
Marcus by Goldman Sachs Review
Marcus by Goldman Sachs offers savings accounts and CDs at high interest rates. But don't expect accounts with a lot of bells and whistles. Read on for the pros and cons.
Capital One 360 Review: Pros and Cons
Capital One 360 offers free checking and savings accounts with competitive APY rates. Does it live up to its claims? Find out if it's right for you.
Next Page: Discover Bank
